Litecoin daiily price analysis

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According to the price analysis of Johan Tomasson, a senior analyst at dagx.live, Litecoin rose by 1.19%. Reversing a 0.74% fall from Monday, Litecoin ended the at $70.75. A particularly bullish start to the day saw Litecoin rally to an early morning intraday high $73.24 before sliding back. Breaking through the first major resistance level at $71.67, Litecoin came up against the second major resistance level at $73.4, thinks Tomasson from dagx.live .

The reversal saw Litecoin slide to an early evening intraday low $69.62. Steering clear of the first major support level at $68.0, Litecoin moved back through to $70 levels to close out the day in the green.

At the time of writing, Litecoin was down by 0.51% to $70.39. A relatively range-bound start to the day saw Litecoin rise to an early morning high $71.7 before falling to a low $70.36. Litecoin left the major support and resistance levels untested early on. For the day ahead, a move back through to $71.2 levels would bring the first major resistance level at $72.79 into play. Support from the broader market would be needed, however, for Litecoin to break out from the morning high $71.7, thinks Tomasson from dagx.live. Barring a broad-based crypto rally through the day, the first major resistance level at $72.79 would likely limit any upside on the day. Failure to move back through to $71.2 levels could see Litecoin slide deeper into the red. A fall through the morning low $70.37 would bring the first major support level at $69.17 into play.

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